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A prediction (Latin præ-, "before," and dicere, "to say"), or forecast, is a statement about an uncertain event. It is often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference between the two terms; different authors and disciplines ascribe different connotations.

Good morning folks, welcome to Tuesday and I hope it's a happy one for you all.

So, they did it. With just 55 million shares of the SPY traded all day, they eeked out a new all time high...even on a closing basis. The DOW had hit 21K during the session, but came up 19 points shy at the close. As I whined about at the 10:40 update yesterday, of course this made no real sense. Not one person in ten thousand can quantify the amount of business lost through out Europe over the malware attack. Yet they didn't care. We had a negative Empire report. They didn't care. No, it was Monday so it was time to set new highs.

Executive orders, tax plans, what else did today bring? Find out in our free investing newsletter tonight. Yes folks, today Wednesday the 26th, the President signed an executive order returning the control of some 250 million acres of land, back to the States, instead of the Federal Government that had stepped in to "rule over" it. Then later in the day we got the outline of what Trump is trying to get out of his tax plan overhaul.

There's a lot of moving parts in it, but he's a bit skimpy on details. So as you can imagine it was a fun day in market land as we went up, we went sideways and we ended red. We're now perched at the doorstep of all time highs... are they going to punch us through? Good question. Take a read of today's letter and get our view.

Hey folks, the free investment newsletter is posted and in it we actually go off the rails a bit in the commentary section. Many of you don't know that I'm somewhat of a silent partner in a weapons training company, and in the last 3 weeks there's been a huge spike in people asking me about buying their first gun. So we explore a bit of that, and then of course we talk about the insane market run up today. Give it a read! Oh and just to be brutally honest with you all....we missed the whole thing. After breaking the string of green closes, we thought that maybe the combo of that and Trump's speaking might cause a red day or two. We were "out" of the market for that whole session. Ouch!

Quite some time ago, I told my readers that I was moving what’s left of my wife’s 401K plan out of stock funds and into “cash”. ( money market). We felt we had taken the best slice out of the 2009 - 2015 run up and after all....the market was being pushed up by all the wrong reasons.

That strategy looked pretty smart for a long time. If you look back at the overall market, it simply traded sideways for those two years. Then something interesting happened. The day after the election, stocks started running and they haven’t taken a break since. Now the DOW, S&P and the NASDAQ are all at new highs. The TV pundits are saying that we could hit DOW 25K.

It had to come and it looks like today it will. We all knew there had to be a bounce, and I actually bought into the SPY yesterday in anticipation of it. But it didn't work, I stopped out. I had thought seriously of buying back in at the close, simply because the market can't just go down every day, but I didn't tell you guys I'd try that, so...I didn't.

The latest Financial Intelligence Report is now posted on our site, and in it we're discussing the possibility that the market has already "topped out" and now we're going to start a long slow grind lower. Do you agree? Take a read and see if what we're talking about makes sense! We've fallen over 2000 points from the May high, and we feel there's much more to come.

Thursday was an ugly market day. Friday was considerably uglier. Then Monday happened. I’m sure you all know what took place by now. Right after the open the DOW fell 1089 points in a “flash crash”. What was that all about?

Let’s do a bit of recent history. Since February of this year the market has wiggled “sideways” in a “box” so to speak. We had an S&P top at about 2117 and a bottom at about 2040. So for months on end we bounced along inside that range, generally running higher for 2,3 or 4 days and then selling back down for 2, 3 or 4 days. Over and over, wash/rinse/repeat.